I haven’t seen the detailed sell-side estimates for SS&C Technologies (SSNC), but I am willing to wager that the sell-side did not properly model rising interest expense, thus SSNC missed on the EPS line. Also, SSNC ought to have used its inflated stock back in 2021 to pay down debt. Can’t say I did not personally advise Bill Stone to do so. It will get uglier for SSNC from here.
- SSNC 8K (HERE).